Risk and Forex
Sep 21, 2017 at 06:47
Practically despite of good trading knowledge there is nobody who can predict the real faction of this market with certainly. So, obviously this is a most risky trading place form any other business platforms and for keeping survive in a proper way we have to acquire proper trading knowledge , most accurate risk management pan ETC. otherwise we can fall a great loss when trading practically.
Sep 24, 2017 at 06:26
Generally we think by using most powerful analyzing trade knowledge it is possible to achieve success in this volatile trading place, but practically despite of good trading knowledge that’s not possible at all to make profit with great consistency without having a reliable support from a credible trading broker, because the broker can affects the result of our trading with certainly.
Sep 28, 2017 at 14:46
There is no certainty in business including Forex, even this is the most challenging profession where we traders can lose all of our trading capital just within a minute, that’s the importance of money management policies! By the way, I have already reduced my risk reward ratio so smartly according to my long-term trading knowledge and experience!
Nov 02, 2017 at 15:58
leverage always contains risk and Leverage can everything negative as well positive. It depends on your trading approach and risk management policy. If you have real risk managing plan if you can make money very rapidly by using leverage despite of small balance.
Member Since Dec 11, 2015
1487 posts
Nov 03, 2017 at 15:39
(edited Nov 03, 2017 at 15:40)
Proper risk management is vital for any forex trader. Here is a basic explanation how to manage one’s risk (https://www.forexbrokerz.com/news/forex-risk-management) After all, no matter what one’s trading strategy is, it is bound to run in a series of losing trades. If a trader does not control their exposure during them, they may end up with serious losses. And here is the principle which some beginners may not understand: The first step towards making money in the forex market, is to stop losing.
Nov 08, 2017 at 15:51
Honestly speaking, Earning is Forex is not easy at all. There is too many who loses money simply because they take it lightly. They think knowing minimum knowledge about Forex is good to kick off trading right away. They think they can earn good amount of money in here. But one thing I want to say in order to my trading experience , in Forex trading you like digging a hole, the deeper you dig the more chance its can turn into a well and get water.
Nov 19, 2017 at 08:22
Even though mostly traders are loser form this volatile trading place but I can consider this as a reliable source to earn money very rapidly and for that the traders we have to ensure best source to acquire proper market Principe as well a reliable support from a trading platform because the trading platform can affect the result of our trading with certainly.
Nov 23, 2017 at 15:31
Risk can be of different types in forex. But the regular risk which is being talked about is the risk of loosing money while trading which is obvious in trading.
But there must be a proper plan along with risk vs reward or drawdown % vs the monthly profit %. One should always consider both the factors risk as well as profitability of a system while trading.
But there must be a proper plan along with risk vs reward or drawdown % vs the monthly profit %. One should always consider both the factors risk as well as profitability of a system while trading.
Artificial General Intelligence
Nov 24, 2017 at 11:33
TiffanyK posted:
Some people trade until they lose everything, however smart traders do not do this. No decision in trading should be emotional. We all know that bad emotions lead to bad results. Stay positive!!!
It is soooooooooooooooooo easy to talk about controlling ones emotions but it is something that you already have to have. If you don't, greedy will more than likely cause you to chase a order against you system and the rabbit hole keeps deeper.
@GJscalper for more information
Member Since Dec 11, 2015
1487 posts
Nov 24, 2017 at 16:31
For me using an EA never worked in that regard. Instead of thinking 'Did I made the right decision?' I think 'Is the EA working properly?' and then I am anxious all over again.
Nov 26, 2017 at 07:58
It is good to give a bet to what they offer you in the commercial business, what is not good is that if you have a total of 5000 USD, you can not invest all your savings wallet / investments in a single product and remain at zero, it would be something unprofessional
Member Since Jul 11, 2017
9 posts
Nov 26, 2017 at 15:49
We need to take risks to make money. But we need to take calculated risks to make consistent profit. Sometimes even with calculated risks, a black swan event can do a lot of damage to our account which can leave a scar on our psychology. The main thing for me is trying to learn not to attach myself to the profit I've made.
Some traders say that you have no emotions to trade the market properly. I personally think that we are humans and humans naturally have emotions. So I don't try to fight my own nature. I also know that I can't predict the market, so I don't try to. One thing that I can predict, is my own behaviour. It actually took me a few months to figure myself out, but I observed my own behaviour and try to manage them.
I now know how I react when I make/lose money, I know how I react when I win 3-5 times in a row or when I lose 3-5 times in a row. So I plan what to do when it happens. I know how I feel when I start to get greedy and I think of ways to deal with it ahead of times. I also know how I react when I'm fearful. Unfortunately, I haven't mastered fear as well as I mastered greed. But I am trying to deal with it. If people reflect on their actions and try to be proactive towards their own behaviour, then they will probably do be better traders. I personally don't try to get rid of my emotions, I just try to manage them.
In my opinion, the biggest risks in trading is our behaviour when we are emotional about a particular trade. This is the number 1 reason for my failures.
Some traders say that you have no emotions to trade the market properly. I personally think that we are humans and humans naturally have emotions. So I don't try to fight my own nature. I also know that I can't predict the market, so I don't try to. One thing that I can predict, is my own behaviour. It actually took me a few months to figure myself out, but I observed my own behaviour and try to manage them.
I now know how I react when I make/lose money, I know how I react when I win 3-5 times in a row or when I lose 3-5 times in a row. So I plan what to do when it happens. I know how I feel when I start to get greedy and I think of ways to deal with it ahead of times. I also know how I react when I'm fearful. Unfortunately, I haven't mastered fear as well as I mastered greed. But I am trying to deal with it. If people reflect on their actions and try to be proactive towards their own behaviour, then they will probably do be better traders. I personally don't try to get rid of my emotions, I just try to manage them.
In my opinion, the biggest risks in trading is our behaviour when we are emotional about a particular trade. This is the number 1 reason for my failures.
Member Since Dec 11, 2015
1487 posts
Nov 29, 2017 at 16:20
(edited Nov 29, 2017 at 16:20)
Mythsphinx posted:
In my opinion, the biggest risks in trading is our behaviour when we are emotional about a particular trade. This is the number 1 reason for my failures.
That is certainly one of the risks involved. But you also have random events causing spikes in the price, and those are unpredictable.
Member Since Nov 30, 2017
12 posts
Nov 30, 2017 at 15:34
Those are risks but they are not that often. Usually they are when there is a economic announcement and those are scheduled
Member Since Dec 11, 2015
1487 posts
Dec 02, 2017 at 15:14
BonkersBit posted:True, most are scheduled. But you also have events like the Swiss bank unpegging the CHF which threw the market into chaos totally unexpectedly.
Those are risks but they are not that often. Usually they are when there is a economic announcement and those are scheduled
